Virtually all companies that offer participant-directed retirement plans permit their participants to elect an income-producing, low risk, liquid fund, such as a money market fund or a stable value fund.

Although retirement plans and schemes are generally jurisdiction-specific creatures, the governance of retirement plans and schemes maintained by multinational corporations is very much a global issue.

Strategies for providing effective health benefits to employees have shifted dramatically in the past two decades. Nevertheless, some companies continue to bear the burdens of legacy benefit liabilities.